MOP

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MoP™ books

1 Title/current version of MoPTM booksMoP™ (Management of Portfolios)

2 The basics of MoPTM booksMoP™ is a framework for understanding, prioritizing andplanning a portfolio of business change initiatives; it is acoordinated collection of strategic processes and decisions thattogether enable the most effective balance of organizationalchange and ‘business as usual’.

3 Summary of MoPTM booksThe MoP guide was published by the Cabinet Office in 2011.The guide addresses the question of what changes, programmesand projects should be undertaken by an organization todayand tomorrow, and those it should support in the future. Itsprimary aim is to support those with strategic or change portfolioresponsibility to make appropriate change investment decisionsin a logical, transparent and efficient way.

Portfolio management is not concerned with the detailedmanagement of the projects and programmes: rather, itapproaches the management of change projects and programmesfrom a strategic viewpoint.

MoP addresses the challenges of ‘Run the Business vs. Changethe Business’. Organizations expend energy on running theiroperations well. Most organizations also adopt and embedconsistent programme, project and change management methods.MoP provides the interface between these elements.

Portfolio management aims to address the following fundamentalquestions:• Are we doing the right things?• Are we doing these things right?• Most significantly, are we realizing all the benefits in termsof more effective services and efficiency savings from thechanges we are implementing?

The mechanisms by which these questions are answered areincorporated in the MoP framework (see Figure). This frameworkbrings together the key activities required to successfully defineand deliver a portfolio of change whilst ensuring resources areused efficiently.

5 Scope and constraints of MoPTM booksThe scope of the method comprises the different decision –making processes around strategic change initiatives withinorganizations. MoP is part of the Best Management Practicemethods developed by the Cabinet Office. This means that it isfully aligned with PRINCE2®, MSP™ and P3O®.

The MoP guidance claims that it helps organizations tounderstand which change initiatives contribute most to theirstrategy and enables them to make informed decisions abouttheir overall status, prioritization, risk and benefits.